2022 Annual General Meeting
The Annual General Meeting of NORMA Group SE was held in Frankfurt/Main on May 17, 2022. Due to the ongoing corona pandemic, the Annual General Meeting was held for the third time in a row as a purely virtual event without shareholders or their proxies physically present. Of the 31,862,400 shares with voting rights, a total of 23,647,076 shares and thus around 74% of the registered share capital of NORMA Group SE were represented. 32 shareholders participated live in the virtual Annual General Meeting via NORMA Group SE’s shareholder portal.
The shareholders of NORMA Group who were represented discharged both the Supervisory Board and the Management Board by a clear majority. The proposal of the Supervisory Board and the Management Board to distribute a dividend of EUR 0.75 per share was approved by the Annual General Meeting by a majority of 99.80%. The total amount distributed thus amounted to around EUR 23.9 million (2021: EUR 22.3 million). This resulted in a payout ratio of 33.0% of the adjusted consolidated net income, which amounted to EUR 72.3 million in fiscal year 2021. The payout ratio was thus within the range defined by NORMA Group of 30 to 35% of adjusted consolidated net income. In addition, the Annual General Meeting also approved all other agenda items by the majority necessary.
All voting results can be found in the Investor Relations section of the NORMA Group website. WWW.NORMAGROUP.COM
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.